Conversation

imma be honest, I didn't see this one coming I would guess there wouldn't be a ton of additional interest at these levels *right now*, and the lack of a lock up means the buyers could quickly sell out if they want but this is a bold proposal

Quote Tweet

Jeff Dorman, CFA

@jdorman81

Jul 17, 2021

Arca is vehemently against the value-destroying Phantom Trope proposal for $SUSHI. Arca will backstop a new proposal with a first tranche bid price 31% above current TWAP price. We have posted our proposal in the Sushi forum, and a summary is below

forum.sushi.com/t/sushi-phanto

Show this thread

6:43 AM · Jul 17, 2021Twitter Web App

Replying to

and

tremendous respect for this kind of conviction

Replying to

and

Why though? Is this not just loading up more powder in the simplest form? Having higher concentration of ‘quality’ ownership

Show replies

Replying to

and

Are you still involved with SUSHI?

Replying to

and

Involved enough to offer perspective on a $SUSHI related tweet

This Tweet was deleted by the Tweet author. Learn more

Replying to

and

Imma be really honest, no idea what's happening in DeFi, buying #NFTs

Replying to

and

This is what a VC should be bringing. Alpha, telling Sushi stakeholders not to sell these tokens at a discount and saving them money in the process. What’s a few $m extra for a VC to buy right now? If they really believe in the project it shouldn’t be an issue.

Replying to

and

Jeff and his

team are the goat. Predatory VCs now on blast. We need different values to underpin DeFi governance: transparency, fairness, inclusivity. Not the same old TradFi game of the mega rich getting mega richer...

Show replies

Replying to

and

Looks good

Replying to

and

he's long sushi before the tweet